Boston condos for sale: Low inventory for $500k and under
May and June will be critical months for sustaining the momentum.
Will we run out of buyers? Or will they give up and go on vacation?
Or will there be so few listings that we can’t tell?
In todays’ real estate market, we have several forces contributing to the inventory crunch.
- Builders’ margins are getting squeezed by rising material prices and labor costs.
- Many sellers are hesitant to list their homes because of a lack of selection on where to move next.
- Multi-family developers are still having a harder time getting financing for a condo rather than a rental building.
The current is keeping supply low and also keeping prices up for most areas. Multiple offer situations are not uncommon.
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